Logotype for Hibbett Inc

Hibbett (HIBB) investor relations material

Hibbett Q1 2025 earnings summary

Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.
Logotype for Hibbett Inc
Q1 2025 earnings summary5 Jun, 2024

Executive summary

  • Entered a definitive Merger Agreement with JD Sports on April 23, 2024, for $87.50 per share in cash, expected to close in the second half of 2024.

  • Net sales for Q1 FY2025 decreased 1.8% year-over-year to $447.2 million; comparable store sales declined 5.8%.

  • Net income was $32.5 million (7.3% of sales), down from $35.9 million (7.9%) in the prior-year quarter; diluted EPS was $2.67 versus $2.74.

  • Opened six new stores and closed six underperforming stores, maintaining a total of 1,169 locations in 36 states.

Financial highlights

  • Gross margin improved to 35.8% from 33.7% year-over-year, driven by higher average product margin and lower promotional activity.

  • SG&A expenses rose to 23.7% of sales (from 21.1%), including $2.6 million in non-recurring merger-related professional fees.

  • Operating income was $41.3 million (9.2% of sales), down from $45.9 million (10.1%).

  • Inventory was $371.3 million, down 15.2% year-over-year; cash and cash equivalents at quarter-end were $28.7 million.

  • $7.5 million was outstanding on a $160 million credit line.

Outlook and guidance

  • Management expects continued macroeconomic headwinds, including inflation, higher interest rates, and a cautious consumer, to impact results.

  • The company believes existing cash, cash flow from operations, and credit facility access are sufficient to fund operations and capital expenditures for the next 12 months.

Partial view of Summaries dataset, powered by Quartr API
Research faster. Power your platform.
Your earnings 
season toolkit.
Download
Free on both iOS & Android.

The essential earnings season companion

The #1 app for live earnings calls, transcripts, analyst estimates, and more. All for free.

Live calls and transcripts

Listen to earnings calls, CMDs, investor conferences, and more – with a podcast-like experience.

Find what you need faster

Search for any keyword across all transcripts simultaneously.

Easily store key findings

Capturing important takeaways is as simple as it gets. Even during your lunch run or commute.

Your watchlist. Your dashboard.

Follow the companies that matter to you. Get a personalized feed with real-time updates.

Be the first to know

Set keyword alerts for any company, product, or competitor. Get notified the moment they're mentioned.

Consensus estimates

Access analyst consensus estimates, valuation multiples, and revenue segments splits.

All IR material in one place

The easiest way to stay updated during earnings season.

Global coverage

All events from public companies. Live and recorded.

Just click and listen

No webcast links. No manual registrations.

Research anytime, anywhere

Built for professionals. Loved by everyone. Try our free mobile app.

excellent app, it gives me free access to company earnings calls and annual reports. I also love the convenience of calls being available offline so I can listen in whilst doing other things and even when internet or WiFi isn't available.
App-store-avatar.png play-store-avatar.png
Leroy DaleyApp Store
One of the very few apps you could call perfect. If something was to add to it, maybe the share price of the company when you search for it, but it's already excellent.
play-store-avatar
Eferix Drawings Google Play
This is genuinely one of the cleanest and fastest finance apps out there to track the market.
App-store-avatar.png play-store-avatar.png
anuj283App Store
excellent app, it gives me free access to company earnings calls and annual reports. I also love the convenience of calls being available offline so I can listen in whilst doing other things and even when internet or WiFi isn't available.
App-store-avatar.png play-store-avatar.png
Leroy DaleyApp Store
One of the very few apps you could call perfect. If something was to add to it, maybe the share price of the company when you search for it, but it's already excellent.
play-store-avatar
Eferix Drawings Google Play
This is genuinely one of the cleanest and fastest finance apps out there to track the market.
App-store-avatar.png play-store-avatar.png
anuj283App Store
I can't remember the last time an app had such a positive impact on my investment process.
x-avatar
@ankurshah47_ x.com
Love the app! Quartr makes it really easy to keep track of earnings calls. It also includes the reports and slides to make it easier to follow along.
App-store-avatar.png play-store-avatar.png
Amina0781App Store
Quartr is amazing, no way around it. It is the best right now for earnings calls, presentations, and the like.
x-avatar
@theshortbearx.com
I can't remember the last time an app had such a positive impact on my investment process.
x-avatar
@ankurshah47_ x.com
Love the app! Quartr makes it really easy to keep track of earnings calls. It also includes the reports and slides to make it easier to follow along.
App-store-avatar.png play-store-avatar.png
Amina0781App Store
Quartr is amazing, no way around it. It is the best right now for earnings calls, presentations, and the like.
x-avatar
@theshortbearx.com

Frequently asked questions

Hibbett Sports, Inc. and its subsidiaries engage in the retail of athletic-inspired fashion products, equipment, footwear and accessories in small to mid-sized markets in the United States primarily under the Hibbett Sports name. As of January 28, 2017, the company operated 1,099 Hibbett sports stores in approximately 30 states across the United States. Hibbett Sports, Inc. was founded in 1945 and is headquartered in Birmingham, Alabama.

Quartr provides global coverage of all investor relation material from public companies.

  • Mobile app: Research anytime, anywhere with the #1 app for live earnings calls, transcripts, analyst estimates, and more. All for free.

  • Desktop (Quartr Pro): The leading platform for qualitative research, used daily by top firms and financial institutions.

  • Quartr API: Build custom solutions powered by live earnings calls, live transcripts, filings and reports, slide presentations, and more.

Yes, the Quartr mobile app is free on both iOS and Android.

Yes. Quartr provides global, industry-leading live coverage of company events such as regular earnings calls, capital markets days, M&A announcements, and investor conferences. Live with zero delays. Just click and listen.

Yes, capturing important takeaways is as simple as it gets. Even during your lunch run or commute.

Yes. Follow the companies that matter to you. Get a personalized feed with real-time updates, a tailored earnings calendar, and instant alerts when earnings calls go live.

Yes. Set keyword alerts for any company, product, or competitor. Get notified the moment they're mentioned, regardless of who's talking.

Explore our global coverage